85-year-old Rudi is the best advertisement for the retirement living sector
Retirement villages are often confused with aged care homes, and at time disparaged for being segregated from the wider community. The sector can learn from this story in News Corp’s QWeekend magazine about Rudi Bianchi, who is a resident at Blue Care’s Azure Blue Carina retirement village…
How this financial adviser saved a client $20,000 a year in move from retirement living to aged care
Making the move from retirement living into residential aged care can be hard for you and your family. Shaun Ganguly, a financial planner from Aged Care Financial Planning and Retirement Village Financial Advice, said it is critically important to seek professional advice. You need to…
Retirement living is cheaper than ever
With property prices still rising, the retirement living sector is trumpeting that its homes are comparatively cheaper now. “This week at a fabulous ECH Inc. community we launched the latest Retirement Living Census. It reveals that an average two-bedroom retirement village unit across Australia is…
Did you know that you don’t own your super assets?
For many people approaching retirement, superannuation is their second biggest asset after the family home. But what happens if you pass away before using all of your superannuation? Most people think if they have made a valid Will, it governs all the personal assets you…
Retirement living is the new option for care and support as you age
The average age of new retirement village residents has remained steady at 75 for many years. However, as the latest 2022 PwC Property Council Retirement Census shows, much is changing. The average stay in a retirement community is now nine years and 26% of existing…
One in six people in Australia is now aged 65 and over and that number is on the rise
Australia’s population is ageing due to increasing life expectancy and declining fertility rates, which will put further pressure on retirement living and land lease operators to develop more age-appropriate accommodation. Recent data, compiled by the Australian Institute of Health and Welfare (AIHW), shows that: At…
Can I leave a retirement village after signing the contract?
Signing the contract to move into a retirement village is a big step – so it’s important to know that there are cooling off periods in place. These depend on where you live and also on the contract being offered by the operator of your…
Retirement living or the kids’ inheritance? The questions you must ask yourself
Talk to any retirement village operator and they will share stories of people who have put their name on a waiting list, only for them to renege when the time comes for them to move in. The reason is always the same. The children deserve…
Why people at retirement age should pay off their mortgage with their superannuation
As avid readers of stories about how much is needed for a comfortable life in retirement, we always see the rider on any figures, “providing you own your own home and have no mortgage.” However in 2021, there were nearly 9.8 million households in Australia….
73% of seniors still hoping to find true love: survey
As people reach their retirement, many of us start to reflect on their lives – now new US research is shedding light on what some older people have learnt from their experiences. A survey of 2,000 Americans aged 65 and older, found: 25% believe their…